Mark Calabria, President Trump’s nominee to lead the Federal Housing Finance Agency, may be looking at a prolonged confirmation process in the Senate, according to industry observers.
Surprising no one, the Federal Reserve’s Federal Open Market Committee Wednesday decided not to raise the target rate on federal funds above the current 2.25 percent. The vote, as usual, was unanimous.
Comptroller of the Currency Joseph Otting has served as acting director of the Federal Housing Finance Agency for just shy of four weeks. But there’s one problem: His appointment may be illegal.